Canada

WSJ: Newmont, Barrick merger talks break down

Frik Els | April 18, 2014
WSJ: Newmont, Barrick merger talks break down

World's top gold producers tried and failed again to tie-up.

One more reason iron ore price won't stray too far from $120

Frik Els | April 18, 2014
One more reason iron ore price won't stray far from $120

Beijing's strategy to consolidate the domestic iron ore industry under six to eight large miners has been met with skepticism.

Keystone XL decision delayed again

Frik Els | April 18, 2014
TransCanada`s Keystone XL won`t increase emissions significantly

Pipeline project crucial to oil sands development pushed out another year.

We have to talk about Fanya Metal Exchange

Frik Els | April 18, 2014
We have to talk about Fanya

The rare earth storm has passed, but a new critical metal conundrum could be ahead for the West.

Lack of social licence

Prince George Free Press | April 18, 2014
bc lack of social licence feat

The federal government has the authority to approve Northern Gateway without the support of a majority of residents. The question for the Prime Minister and his cabinet is should they ignore the will of the people, particularly when they've made their wishes known in a formal vote?

Ex-US president Jimmy Carter comes out against Keystone XL

Cecilia Jamasmie | April 16, 2014
Ex-US president Jimmy Carter comes out against Keystone XL

He is first US former president to urge the current administration reject TransCanada's pipeline.

Yamana, Agnico Eagle offer $3.9bn for Osisko

Cecilia Jamasmie | April 16, 2014
Yamana, Agnico Eagle offer $3.9bn for Osisko

Investors will now be watching to see if Goldcorp tries to top the joint bid.

BHP going after PotashCorp again: report

Cecilia Jamasmie | April 15, 2014
BHP going after PotashCorp again: report

Speculation is mounting as the industry has shifted enough to make a buyout attractive.

Cecilia Jamasmie

Rio Tinto iron ore output hit by bad weather in Australia, Canada

Cecilia Jamasmie | April 15, 2014
Rio Tinto iron ore output hit by bad weather in Australia, Canada

Production of the steel-making material, however, increased by 16%, which means the miner is on track to meet its full-year target.

Planned uranium mine in South Dakota clears key hurdle

Cecilia Jamasmie | April 14, 2014
Planned uranium mine in South Dakota clears hurdle

Powertech Uranium's proposed mine may have gotten a license to operate last week, but opponents say they'll fight the ruling.

Canada’s First Nations may build alternative to Northern Gateway pipeline

Cecilia Jamasmie | April 14, 2014
Canada’s First Nations may build alternative to Northern Gateway pipeline

Eagle Spirit Energy Holdings and Aquilini Group say they have signed non-disclosure agreements with a substantial number of First Nations in northern British Columbia to earn a “social licence” for the project.

Investors may be leaning towards Goldcorp bid for Osisko

Frik Els | April 13, 2014
Investors may be leaning towards Goldcorp bid for Osisko

Goldcorp's sweetened offer is straightforward, requires no formal shareholder approval and could be completed by as early as end-April.

UPDATE: The Ore Wars after the Flash Crash

Frik Els | April 13, 2014
UPDATE: The Ore Wars after the Flash Crash

The 8% one-day drop in the iron ore price in March was the result of a new dynamic in the market: panicked selling by traders using ore as loan collateral.

Bolivia to revise new mining law

Cecilia Jamasmie | April 11, 2014
Bolivia to revise new mining law

Bolivian President Evo Morales and leaders of the National Federation of Mining Cooperatives have formed a commission to quickly redraft at least three controversial articles of the recently-approved ruling.

Copper, iron ore imports defy China weakness

Frik Els | April 10, 2014
Copper, iron ore imports defy China weakness

China's iron ore imports jump 21% to 74 million tonnes while copper imports surge 31%.

Canada invites Coal India to explore mining opportunities

The Hindu | April 10, 2014

Canada invited this week Coal India ltd., the world’s largest coal miner to explore mining opportunities in the country.

Stornoway secures about $1bn for Quebec's to-be first diamond mine

Cecilia Jamasmie | April 10, 2014
Stornoway secures about $1bn for Quebec's to-be first diamond mine

The agreement with three parties lays out a series of proposed financing transactions for the mine, the world’s biggest undeveloped source of diamonds.

No retreat for Goldcorp: raises hostile Osisko bid to $3.6bn

Cecilia Jamasmie | April 10, 2014
No retreat, no surrender for Goldcorp: rises hostile Osisko bid to $3.6bn

The sweetened hostile offer for Osisko trumps friendly bid from Yamana Gold Inc.

Endeavour Silver production jumps 26% in Q1

Cecilia Jamasmie | April 9, 2014
Endeavour Silver production jumps 26% in Q1

Pure silver production increased 26% to 1.89 million ounces, while gold output rose 23% to 18,519 ounces.

Barrick Gold shareholders advised to back miner’s pay plan

Cecilia Jamasmie | April 9, 2014
Barrick Gold shareholders advised to back miner’s pay plan

The recommendation comes from Proxy advisory service Institutional Shareholder Services, the same firm that last year called shareholders to vote against the Barrick's approach to compensation.

Moly Mines plunges as suspension from ASX trading looms

Cecilia Jamasmie | April 9, 2014
Copper, iron ore miners take huge hits

The stock fell almost 26% in Sydney after the company announced it expects be suspended from trading later this month.

Study: Copper surplus likely to push price down to $2.75 a pound

Frik Els | April 8, 2014
Study: Copper surplus likely to push price down to $2.75 a pound

The closely-watched Thomson Reuters GFMS annual copper survey paints a grim picture for the copper price in 2014 and beyond.

Mining, oil and gas companies, at highest risk of cyber-attacks: report

Cecilia Jamasmie | April 8, 2014
Mining, oil and gas companies, at highest risk of cyber-attacks: report

Personal assistants at large mining companies and PR people were the most targeted by online criminals.

Rio Tinto walks away from massive Pebble copper-gold project

Cecilia Jamasmie | April 7, 2014
Rio Tinto walks away from massive Pebble copper-gold project

Rio becomes the second large diversified miner, after Anglo American, to back out of the project in less than seven months.

Cecilia Jamasmie

PotashCorp brings Doyle era to a close, former Inmet boss Tilk named new CEO

Cecilia Jamasmie | April 7, 2014
Potash Corp. brings Doyle era to a close, former Inmet boss Tilk named new CEO

Doyle, 63, will probably be remembered the most as the CEO who fended off BHP Billiton’s hostile takeover bid for the Canadian fertilizer producer.

Shots fired at mining exec's Vancouver home

Michael Allan McCrae | April 6, 2014
sunnycrest north vancouver shooting

No injuries. No motive.

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